HomeMy WebLinkAbout0457Ah10UNT LOCATION ~ DATE
~ 4,800.00 ' Fort Pierce, Florida IFeUruaxy 27, 1981
FOR VALUE RECEIVED, the undersigned, (jointly and severaliy, if more than one) prorpises to pay to ~.
Christine J. Drennan
or order, in the manner he~einafter specified, the principal sum of
Four Thousand Eight H~mdred and No/100---------------------------------~54 800.00 .)
With interest from date at the ~ate of 13,(~Q(per cent, per annum on tl-e balance from time to time remaining unpaid. The said p~incipal
anr! inierest shall be payablz ~n tawiu~ monay ot the U~ited States of America at
or at s~h plaoe as may hereafter be designated by written notice from the holder to the maker hereof, on the date and i~ the manner following:
THIS N(7IE IS PAYABIE IN Oi~ INSTAI~TT AS F~OLI~nTS: ON FEBRllARY 27, 1982 ~ SLM
OF $5,424.00 C$~+.800.00 PRIl~ICIPAL AIANG WTrH $624.00 I]KtQtFS~ ~ SHAII. BE DiIE AI~ID
PAYABIE .
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This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the
sa:d payee, and shall be construed and enforced according to the laws of the State of Florida The terms of said mortgage `
a~e by this reference made a part he~eof.
If default be made in the payment of any of the sums or interest ment~oned herein or in said mortgage, or in the performance •
of any of the agreements contained herein or in said mortgage, then the entire.~~~ ~nc:p3i sum and accrued interest shall at the option of the f
hc[der hereof become at once due and colfectible without notice, time being ot the essence; and said p-incipal sum and accrued interest shall
both bear interest from wch time until peid at the highest rate allowable under the la~vs of the State of Florida Failure
co exercise this option shall not constitute a waiver of the right to exercisc the same in the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
o~ dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note
or default hereunder, or under said mortgage, counsel shall be employed to collect this oote or to protect the security of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as :iie context may
require or admit
MAKER'S ADORESS
,Welea^~ ~ioo~es Constructian, Ir.c.
a Fla. Com . ' / J ~ '' .
J ~ i •y
N~:i ~/~t ~ + ~j W~
Ellen J. erl, Presiden y~~
AND the mortgagor hereby further covenants and agrees to p~~~ promptly ~vhen due the prin-
cipal and interest and uther sums of money provided for in said note and this mortgage, or either;
tu pa~• all and singulxr the taxes, assessments, levie~, liabilities, obligations and encumbrances of
every :~ature un said property; to permit, commit or suffer no ~+~aste, impairment or deterioratiun
of said land or the impro~ements thereon at an~• timc; tu keep the buildings now or hereafter on
~aid land ful.ly insured in a sum uf not less than its full in,urable ~•alue, but in no event les.ti than the
amount secured by this murtgage, in a compan~• or cumpanies arceptable to the mortgagee, the pol-
icy~ or policies to be held b~, and payable to, sxid mortgagee, and in the event .in~• sum of mone~~
becomes pa~~able b~• ~~irtue of such insurance the murtgagee shall ha~e the right to recei~e and a~~-
ply the same to the indebtedness hereb~~ secnred, accounting to the murtgagor for an~• surplus; to
pay all costs, charges, anci expenses, inr_luding 1a~+•~•er's fec:s and title sexrches, reasonably~ inci~rred
or paid by the mortgagee Lecause of the failure uf the mortglgor to promptl~• and full~• compl~•
with the agreements, :~tipul:-tions. conditions and c~»enant~ of ~aid note and this mortgage, or
either; in the e~ent th~~ mortgxKur f:~ih to p~~- ~~-h~~n du~• .~n~• tax, a~.~e~.~ment, in~urance premium or
other sum of mone~• payable by virtue of said n~~te :-nd this mortgaRe, or either, the mortgagee mai•
pa~ the same, without ~~•aiving or affecting the o~-tion to foreclose or an~~ other right hereunder, and
all such pa~•ments shall bear interest from date thereof at the highest la~vful rate then allo~~•ed b~-
the laws of the State of Florida.
IF an~~ sum of money herein referred to be not prompth• paid ~~•ithin thirty days next after
the same becomes due. or if each and even- the agreements, stipulatio»s, conditions and co~enant~~
of said note and this mortgage, or either, are not fullt• performed, complied ~~~ith and abided b~~.
then the entire sum mentioned in said note, and t his mortRage, or the entire balance unpaid there-
on. shall forth~sith or thereafter, at the option ~f t h~ mortgagee, become and be due and pa~•able.
an~•thing in said note or herein to the contrarr not~cithstanding. F'ailure bv the mortgagee to exer-
cise anp of the rightg or options herein provided ~ hall not c~nstitute a~raiver of an~~ rights or op-
tions under said note or this mortgage acerued ~r thereatter accruing.
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